Altcoin profit share falls to 12% as short-term traders take losses

Glassnode data shows that by end-October, only about 12% of its more than 300 tracked tokens had short-term holders spending at a profit, down from about 80% in late September, with typical tokens seeing small-loss spending. Separately, BlockchainCenter's November 4 90-day Altcoin Season Index stood at 41, within the neutral 26–74 band, meaning fewer than half of eligible major coins beat Bitcoin over the window. The article cautions that the two measures cover different token universes and periods and do not by themselves confirm fresh altcoin demand or a durable market bottom.